Napean Trading & Investment Co Singapore PTE Ltd Sells 17,815 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Napean Trading & Investment Co Singapore PTE Ltd trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 52.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,215 shares of the company’s stock after selling 17,815 shares during the period. CrowdStrike makes up approximately 1.4% of Napean Trading & Investment Co Singapore PTE Ltd’s holdings, making the stock its 24th biggest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in CrowdStrike were worth $5,548,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Empirical Asset Management LLC purchased a new position in CrowdStrike during the 4th quarter worth $11,310,000. Arcadia Investment Management Corp MI boosted its holdings in CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust grew its stake in shares of CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC increased its holdings in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after purchasing an additional 13,323 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Oppenheimer raised their price objective on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research report on Wednesday, November 27th. Finally, BMO Capital Markets upped their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $399.51.

CrowdStrike Trading Down 1.8 %

NASDAQ CRWD opened at $362.24 on Monday. The stock has a market capitalization of $89.79 billion, a PE ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The firm has a 50 day moving average of $386.53 and a two-hundred day moving average of $345.25. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,858 shares of company stock valued at $21,288,706 over the last quarter. 4.34% of the stock is owned by insiders.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.